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re: UAB Creates Athletic Foundation to Circumvent U of A Board of Trustees
Posted on 10/28/14 at 2:43 pm to East Coast Band
Posted on 10/28/14 at 2:43 pm to East Coast Band
quote:
At least UAB has a team.
Speaking of which, if Bama was so insecure about UAB having a football team, WHY THE frick DID THEY ALLOW THE PROGRAM IN THE FIRST PLACE? God the logic some of these barners have to go through is unreal. Its like talking to a 9/11 truther
This post was edited on 10/28/14 at 2:45 pm
1
Posted on 10/28/14 at 2:44 pm to Irons Puppet
quote:
They have the money.
No they do not
Posted on 10/28/14 at 2:44 pm to Irons Puppet
quote:
And UAB wants the same opportunity. UA BOT will not approve of them using University funds and donations. That is there beef. They have the money.
They don't have the money. The bring in less than $3M a year in contributions. They bring in less than $1M a year in ticket sales. That is on level with 1AA programs and good D2 programs (I know, I look at their books).
They currently net to about $600K in net profit a year, and that is with no debt.
The ONLY way they would be able to build a new stadium is to
(a) jack up student fees (which would NEVER be approved)
(b) make the BOT take out $75M (at least with bond costs) in bonds and pray that the Athletic Dept could pay them back (which outside of a MASSIVE influx of new tickets and/or contributions they could not)
It's just a terrible plan.
This post was edited on 10/28/14 at 2:45 pm
Posted on 10/28/14 at 2:45 pm to Irons Puppet
quote:Good, if they can raise the funds from UAB supporters to build a stadium and finance their athletics in the future, then go for it UAB! And good luck finding the acreage to construct that "on-campus" stadium that is in the middle of downtown B'ham.
And UAB wants the same opportunity. UA BOT will not approve of them using University funds and donations. That is there beef. They have the money.
Posted on 10/28/14 at 2:46 pm to Irons Puppet
quote:So a mediocre program is not worried about a potential mid major in state.
I do not think AU is worried about AUM fielding a team.
But the GOAT program is, because of doctors or something
Bravo
Posted on 10/28/14 at 2:46 pm to StopRobot
quote:
Speaking of which, if Bama was so insecure about UAB having a football team, WHY THE frick DID THEY ALLOW THE PROGRAM IN THE FIRST PLACE? God the logic some of these barners have to go through is unreal. Its like talking to a 9/11 truther
Gene Bartow had a bigger dick than Steve Sloan at the time.
Posted on 10/28/14 at 2:47 pm to NYCAuburn
quote:
Water falls in GA, sits in GA lakes, but it doesnt belong to GA
That is exactly the way water is managed in the west. Whomever uses the water first gets to claim that water no matter where it resides or originates.
In Wyoming v Colorado the US Supreme Court said that Colorado couldn't use but a certain amount of water from a river because it would take away from what Wyoming had been getting and using in the past - which is exactly the crux of the AL/GA/FL water wars. Atlanta's growth is causing them to use water that was previously used by downstream states.
So, in a nutshell, according to the SCOTUS water that falls in Georgia and sits in Georgia lakes may well not belong to Georgia.
It isn't limited to just states, in some cases it sometimes gets down to the individual homeowner. In most parts of Colorado, the water that falls on your home's roof doesn't belong to you.
Posted on 10/28/14 at 2:47 pm to SummerOfGeorge
Yea anybody who thinks UAB has the money is ignorant, delusional, or just wrong.
Posted on 10/28/14 at 2:48 pm to genro
quote:
So a mediocre program is not worried about a potential mid major in state.
But the GOAT program is, because of doctors or something
It is all about money. Bama is not worried about the on the field product, but they know how many UAB alumni contribute to UA.
Posted on 10/28/14 at 2:49 pm to Irons Puppet
quote:
It is all about money. Bama is not worried about the on the field product, but they know how many UAB alumni contribute to UA.
Yea, UA is terrified that they will lose massive donor support to UAB.
Also, who are all these magical UAB graduates who give massive sums of money to UA? When you say graudates I assume you meant undergraduates, right?
Posted on 10/28/14 at 2:50 pm to Irons Puppet
You have no basis to believe that. It also doesn't apply in common sense. People who like or dislike Bama aren't going to change their mind after a medical degree. You're just making shite up and not even thinking about it.
Posted on 10/28/14 at 2:51 pm to bigpapamac
quote:
Yea anybody who thinks UAB has the money is ignorant, delusional, or just wrong
They can get money very quickly. They knew it would be shot down by the BOT. Ask Jimbo Fisher about UA BOT influence on UABs program.
Posted on 10/28/14 at 2:51 pm to genro
quote:
You have no basis to believe that. It also doesn't apply in common sense. People who like or dislike Bama aren't going to change their mind after a medical degree. You're just making shite up and not even thinking about it.
This is the strangest thread I've seen in a long while. Maybe they think they are trolling? Literally only thing I can fathom.
Posted on 10/28/14 at 2:51 pm to Irons Puppet
quote:
They can get money very quickly.
Considering their fiscal issues over the last, well, forever, I find that hard to believe.
Posted on 10/28/14 at 2:52 pm to JustGetItRight
quote:
That is exactly the way water is managed in the west. Whomever uses the water first gets to claim that water no matter where it resides or originates.
I know the argument behind it. I was just mocking the fact that the poster was claiming GA was stealing the water
Posted on 10/28/14 at 2:53 pm to Irons Puppet
quote:
They can get money very quickly
So UAB alums only want to give money to their school if it's for a football stadium? I'd bet 75% of UAB alums have never even been to a game.
Posted on 10/28/14 at 2:54 pm to SummerOfGeorge
quote:WAIT... so the UAB big money alumni have been reducing their contributions by about $1.2mill to their alma matre in the past 8 yrs?
UAB Contributions over the years
2013 - $2,456,762
2012 - $2,995,783
2011 - $2,692,625
2010 - $3,061,128
2009 - $2,944,050
2008 - $3,440,756
2007 - $3,226,902
2006 - $3,660,487
And they have the audacity to expect the UA BOT to approve funding for a $70mm stadium?
Those numbers are just horrible in a state where football has been king for over half a decade.
Posted on 10/28/14 at 2:54 pm to bigpapamac
Apparently Puppets thinks UAB Medical School alums feel an attachment to UAB Athletics.
All of my friends in undergrad who went to UAB Medical would disagree, but apparently if UAB started a Stadium Campaign they would all magically stop being UA donors and become UAB donors.
All of my friends in undergrad who went to UAB Medical would disagree, but apparently if UAB started a Stadium Campaign they would all magically stop being UA donors and become UAB donors.
Posted on 10/28/14 at 2:54 pm to bigpapamac
quote:
So UAB alums only want to give money to their school if it's for a football stadium? I'd bet 75% of UAB alums have never even been to a game.
So do you think they cant change or build a program, going forward?
Posted on 10/28/14 at 2:55 pm to SummerOfGeorge
quote:
Yea, UA is terrified that they will lose massive donor support to UAB.
Also, who are all these magical UAB graduates who give massive sums of money to UA? When you say graudates I assume you meant undergraduates, right?
Both, they support UA Athletic program over the years. Chech the difference in enrollment at UAB vs UA the last 30 years.
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